Santa Claus rally: last day today. SCR is defined as last five trading days of December and first two trading days of January. Dow surges: up almost 300 points in early trading, coming off huge day yesterday.
F: stock surges almost 7% after big gain yesterday. Announced today that it will start taking orders for the F-150 Lightning.
F: Ford beats out Tesla as top performing car stock of 2021. Link to Charles Kennedy.
Toyota: outsells GM in the United States for the first time ever.
Covid-19: 180° turn into 2022 is off the charts -- the effort by mainstream media and the Biden administration to change the narrative -- I started reporting this last week. Nice to see folks reading the blog. Abhi Rajendran saying the same thing: notes US setting an all-time "case-record" at over one million cases yesterday and US equity market seems not to care.
Anti-Vaxxer: dead of Covid-19. Will re-post elsewhere. Thread begins with tweet from Huffington Post. If I don't die of Covid-19 -- I'm in high risk group -- need to thank my wife. Sophia got her second of two vaccinations last night.
I-95: this started yesterday afternoon; continues through this morning, although the road might be clearing. Also here.
Global LNG: US sets record -- biggest exporter of LNG in December, 2021. Edged slightly above Qatar due largely to jump in exports from Sabine Pass and Freeport. I remember vividly one reader -- years ago -- telling me this would never happen.
Norway: another analyst saw what we reported yesterday on the blog. However, this analyst actually suggest what might be going on. Why didn't I think of that?
EU: sleepwalked into an energy crisis. Now at the mercy of Putin and the weather. Bloomberg pay wall. The latest? Germany is now reversing natural gas flow -- sending natural gas to Poland. Link here.
Savers: nice chart but interpretation wrong. Really wrong. This should be seen as really, really good news. Think Japan and last couple of decades.
Moving: annual 2021 United Van Lines National Movers Study, link here, will re-post later:
- moving to: top five states all have GOP governors
- moving out: top five states all have non-GOP govenors
Fed: I'm loving it. Theme for the day on CNBC -- whether the Fed will really raise rates three times. Again, folks are reading the blog.
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Back to the Bakken
Active rigs:
| $77.47 | 1/4/2022 | 01/04/2021 | 01/04/2020 | 01/04/2019 | 01/04/2018 |
|---|---|---|---|---|---|
| Active Rigs | 32 | 13 | 55 | 63 | 54 |
Tuesday, January 4, 2022: :
- 37900, conf, CLR, JDT Federal 24-10RH,
- 37000, conf, CLR, LCU Reckitt Federal 7-22H1,
RBN Energy: standards organization's base contract is central to winter storm Uri litigation.
In the aftermath of the massive Winter Storm Uri in February of last year and its impact on the natural gas industry, there has been a blizzard of civil and regulatory litigation. Whether it’s someone not providing contracted gas supply, not taking expensive must-take gas supply, or saying “not that contract, but this contract” where there was a big difference in pricing between the two, lawyers are having a field day with the meaning of two words: force majeure. To what extent was one party to an agreement protected from being in breach of contract because their deal said some things could be force majeure, or beyond their control? The purchase and sale of natural gas at issue in these contracts is overwhelmingly done through a standard base contract produced by the North American Energy Standards Board, or NAESB (pronounced “Nays-be,” not “Nazz-be”). In today’s RBN blog, we discuss the standard contract used for the vast majority of natural gas supply deals in the U.S. and how its provisions relate to the issues raised by last February’s Deep Freeze.
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